ERHC Energy Inc (ERHE)

[midtieroil]

In these times most companies cut exploration budgets and increase acquisition budgets. They are looking to find and buy already discovered reserves from struggling oil companies. Drilling won't go away but it will decline. While it may not decline in Kenya as much as elsewhere, it will decline there too. And acquisitions of proven reserves will increase. This is a pattern than has been going on for decades and this time will be no different. So, overall, this will hurt companies like ERHC a lot. If you don't believe me, just listen to what Ntephe just said.